Dunelm Group (LON:DNLM) Shares Pass Above 200 Day Moving Average - Time to Sell?

Dunelm Group plc (LON:DNLM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,034 ($13.96) and traded as high as GBX 1,183 ($15.97). Dunelm Group shares last traded at GBX 1,176.72 ($15.88), with a volume of 173,626 shares.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DNLM. Canaccord Genuity Group restated a "buy" rating and set a GBX 1,270 ($17.14) target price on shares of Dunelm Group in a research report on Tuesday, February 11th. Shore Capital restated a "not rated" rating on shares of Dunelm Group in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 1,251 ($16.88).

Dunelm Group Trading Up 1.3%

The business has a 50 day moving average of GBX 1,049.41 and a 200 day moving average of GBX 1,036.38. The firm has a market cap of £2.41 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84.

Insiders Place Their Bets

In related news, insider Ajay Kavan purchased 2,621 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of GBX 1,142 ($15.41) per share, with a total value of £29,931.82 ($40,399.27). 34.28% of the stock is owned by corporate insiders.

Dunelm Group Company Profile

Dunelm is the UK's market leader in homewares with a purpose 'to help create the joy of truly feeling at home, now and for generations to come'. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.